Alberta Investment Management Corp Has $1.11 Million Holdings in Herc Holdings Inc. (NYSE:HRI)

Alberta Investment Management Corp decreased its position in Herc Holdings Inc. (NYSE:HRI) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,879 shares of the transportation company’s stock after selling 1,416 shares during the period. Alberta Investment Management Corp’s holdings in Herc were worth $1,113,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HRI. FMR LLC lifted its stake in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after purchasing an additional 56,191 shares during the period. State Street Corp lifted its stake in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after buying an additional 3,006 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Herc by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock worth $101,589,000 after buying an additional 6,874 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Herc by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after buying an additional 23,411 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Herc in the 4th quarter valued at $71,211,000. Institutional investors own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their target price on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $219.75.

Herc Trading Down 8.6 %

Shares of Herc stock opened at $163.58 on Friday. The stock has a market capitalization of $4.65 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.62 and a beta of 2.04. Herc Holdings Inc. has a 52 week low of $124.70 and a 52 week high of $246.88. The stock has a 50 day moving average price of $195.97 and a two-hundred day moving average price of $183.70. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. As a group, equities analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

About Herc

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.